Entity Owned Property summary
AI-generated overview
Located in Hudsonville on the northwest corner of 56th Avenue and Port Sheldon Street, the property comprises approximately 5.93 acres of commercial land. It includes an existing warehouse building of approximately 5,300 square feet with multiple overhead doors, office space, and supporting utility infrastructure. The building has undergone improvements completed in 2022, including new carpet, upgraded insulation, and a new ceiling. There are three bathrooms on-site, including one barrier-free ADA-compliant restroom. The site is zoned C-1 (Local Commercial District) and is configured to support a range of neighborhood commercial uses, including retail and service uses, with potential suitability for owner-occupancy, redevelopment, or investment uses.
Property profile
Verified
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Total area
5,356 SF
Lot
5.94 ac (258,921 SF)
Zoning code
N/A
APN
70-13-23-400-031
UPID
US43-2020287
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Church
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$385k
Owner & transaction history
since 2022
2 recorded transactions
Zoning & alternative use
N/A · Hudsonville, MI
Top alternative use upside
Retail stores
$795,000
+38.0%
Office building
$730,000
+27.2%
Commercial (general)
$710,000
+23.4%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
6 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$385k
Value range
$347k – $424k
±10% around blend
Estimated value / SF
$72 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$347k
blend $385k
$424k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,356 SF
Lot area
5.94 ac
Year built
1984
Stories
1
APN
70-13-23-400-031
Zoning
N/A
Assessed value
$180,400
Annual tax
$4,136
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$503k
Range $317k – $888k
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$385k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 51 sales
$107
-33%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $72/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+38%
vs current-use indication
Office Building
Commercial (general)
Auto Repair, Garage
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$180k
Move the market yield to see immediate price impact.
Value / SF
$34
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$11k
$227k
$162k
$126k
$13k
$253k
$180k
$140k
$14k
$278k
$198k
$154k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$4,136
Tax year 2022
Assessed value
$180,400
Assessed 2023
Previous assessed
$180,400
+0.0% YoY
Effective rate
2.29%
On assessed value
Total market value
$360,800
Applied tax rate
12.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
5,356 SF
Lot
5.94 ac (258,921 SF)
Zoning code
N/A
APN
70-13-23-400-031
UPID
US43-2020287
Jurisdiction
OTTAWA
Zoning & alternative use
N/A · Hudsonville, MIZoning N/A · permitted uses
N/A · Hudsonville, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
5.94 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
N/A
Jurisdiction
Hudsonville, MI
Recorded code
N/A
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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